Gristedes CEO John Catsimatidis told 'Mornings with Maria' omicron, weather and oil prices are wiping out supply at grocery stores.
On Monday he told FOX Business' Dagen McDowell the omicron variant poses an entirely different threat to U.S. supply.
"So, what's happening in our country is omicron is keeping a lot of people home in the Midwest and a lot of places, taxing the ability of warehouses to stock the product, load the product and put it on the trucks that deliver to the stores," he said. "Now what's going on? There's a shortage of truck drivers, so it creates an entire system of problems.
Empty shelves at Trader Joe's Soho location in New York City. Monday, Jan. 10, 2022. Source: Kaitlyn Germain "We're fully stocked," he said. "But stores in the rest of the country are in deep trouble because you drive around, and you see half the shelves are empty. And that's a serious problem, and it's caused by people staying home from omicron, the weather now and the prices are going up."
Catsimatidis predicted that food prices will only continue to increase and considered high inflation a tax on the lower middle class since "they’re the ones paying the price."
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